https://www.engineeringnews.co.za

Pantoro posts record quarter

30th January 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Pantoro has reported record production in the three months to December, producing 9 598 oz of gold.

Gold production during the quarter was 30% higher than the September quarter, and a 110% increase on the previous corresponding quarter, as the Nicolsons project, in Western Australia, continued to exceed expectations.

Pantoro said on Monday that the company was currently producing at levels exceeding feasibility study targets, and was in the process of expanding to a rate of 50 000 oz/y, with production improving on the back of the continued growth in openpit ore stockpiles and an upgrade to the processing plant.

Pantoro has also engaged external consultants to complete the planning for a further plant capacity increase, which will see the site operate at 350 000 t/y to 400 000 t/y. The upgrade will start once exploration efforts at Nicolsons and other prospects have provided sufficient confidence to commit to the construction.

Meanwhile, C1 cash costs for the quarter were also down to A$913/oz, compared with the A$976/oz reported in the previous quarter.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.655s - 140pq - 2rq
Subscribe Now